New York City-based healthcare technology startup Tennr has secured a hefty $37 million Series B funding round led by venture capital firm Lightspeed. The funding will be used to accelerate the company’s mission: to revolutionize the healthcare experience for patients by leveraging AI-powered document parsing and workflow automation.

Tennr’s innovative platform tackles the long-standing problem of cumbersome administrative processes in healthcare. By automating tedious tasks like data entry and form processing, Tennr dramatically reduces waiting times for patients, streamlining the entire healthcare journey. This translates to smoother, more efficient care, freeing up valuable time for doctors and nurses to focus on what matters most: patient well-being.

The funding round signifies significant investor confidence in Tennr’s potential to disrupt the healthcare landscape. Lightspeed’s Mike Wheatley, who spearheaded the investment, sees Tennr as a game-changer. “Tennr’s technology has the potential to significantly improve the patient experience and unlock valuable time for healthcare providers,” Wheatley stated. “We are excited to partner with the Tennr team as they continue to build their impressive platform.”

The $37 million injection will fuel Tennr’s expansion and accelerate product development. The company plans to invest heavily in its AI capabilities, bolstering its document parsing engine to handle a wider range of medical documents with even greater accuracy. Tennr is also set to explore new integrations and partnerships, solidifying its position as a leading player in the rapidly evolving healthcare technology space.